Shares of Satyam Computer Services Limited (SAY) have soared nearly 23% in early trading today following a buy-rated coverage initiation by a sell-side firm. Yesterday, the stock had risen 33.8% in an apparent response to the company's release of unaudited financials indicating profitability for its December quarter. The company also stated that it was profitable for both the months of January and February of 2009.SAY recently announced the appointment of the four nominee directors of Venturbay Consultants Private Limited to the board of directors of the Company, effective as of May 27, 2009. Accordingly, the Board now comprises ten directors, including six directors appointed in January by the Central Government.Earlier on May 5th, 2009, Satyam announced that Venturbay Consultants Private Limited, a subsidiary controlled by Tech Mahindra Limited, had been allotted 30,27,64,327 shares of the Company -- or thirty one percent (31%) of the ...